Remington Sees More Than Post-Election Hangover In Firearms Slowdown
Beyond the “lower expectations of potential legislation,” Remington sees the slowdown, particularly in MSRs, reflecting increased competitive pressures from reduced consumer demand and excess inventories, increased manufacturing capacity, low barriers to entry in the MSR segment, lack of differentiation and “true value” in the segment, and higher imports.
Vista Outdoor Sees Firearms Sales Normalizing Mid-Year
Said CEO Mark DeYoung on a conference call, “We anticipate channel inventories will stabilize by mid FY’18 and we are determined to improve the performance in the second half of this fiscal year.”
Mizuno’s FY17 Results Pulled Down By Americas Weakness
The Americas region showed a loss of ¥2.54 billion ($22.4 million) as sales on a currency-neutral basis dropped 16 percent.
Aisle Talk, Week Of May 8
Top headlines from the active lifestyle industry you may have missed this week.
Acushnet Sees Golf Market Improving
Said Wally Uihlein, Acushnet president and CEO, “So far in 2017, the global golf industry is in a good place. While the first few months of industry sell-in are always affected by items like weather patterns and retail trends, the outlook continues to be promising as the golf season gets underway around the world.”
Sport Chek Stung By Weather Woes In Q1
Winter jackets and winter boots categories declined due to the arrival of warm weather in January but athletic, hockey, accessories, licensing and ski/snowboard all showed gains.
Under Armour Off To Stellar Start At Kohl’s
Under Armour exceeded “a very aggressive launch” sales plan at Kohl’s with strong results across all categories, including men’s, women’s and children’s apparel, as well as footwear, said Kevin Mansell, the retailer’s CEO.
Adidas Sells TaylorMade At A Bargain
Adidas AG officially announced that it will sell its golf division for $425 million, a steep discount from the $1.4 billion it paid to acquire the brand from the French equipment maker Salomon in 1997.
Crocs Exceeds Guidance For Q1 Revenues
“We turned in solid first-quarter results by delivering improved product, launching a new and engaging marketing campaign, and realizing early benefits from the operational improvements that we’ve been focused on, said CEO Gregg Ribatt during a conference call.
Sturm, Ruger Sees Sales Through Independent’s Slide
The firearms giant said it encountered lower overall retailer demand as some retailers committed inventory dollars to certain product categories such as modern sporting rifles in the third and fourth quarters of 2016 in advance of the November elections.
Iconix Brands Struggles To Revive Growth
Iconix Brand Group reported a double-digit decline in licensing revenues, pulled down by steep drops at Starter, Danskin and Ocean Pacific.
Wolverine’s Shares Climb On Upbeat Q1 Results
Among its major brands, Merrell grew low single-digits, Sperry was down low-double digits and Saucony was off mid-single digits.
Asics Corp. Q1 Impacted By Weakness In Europe And Americas
In the Americas region, sales declined 3.1 in the first quarter on a currency-neutral basis “due to market forces and additional retail partner store closings,” according to a statement from Asics America Group. Sales in the U.S dropped 9.3 percent.
Black Diamond Reports $41.6 Million In Sales
“Our first quarter was the first clear sign that the steps we have taken to better serve our core customers are creating momentum, all while continuing to drive innovation in the current and adjacent product categories,” said John Walbrecht, president of Black Diamond.
Delta Apparel’s Q2 Boosted By Junk Food Sale, Higher Margins
For its second half, Salt Life and Art Gun are expected to continue their double-digit growth while continued improvements are projected for Activewear and Soffe. Soffe is expected to benefit from direct-to-consumer growth, including its first stores.
